21st Feb 2023 by MASECO Private Wealth

Do you own PFIC investments?

PFIC Investments

Passive Foreign Investment Companies (PFICs) form part of the 1986 IRS tax reforms that closed loopholes being used to protect offshore investments from taxation. The 1986 tax reforms not only sought to close the loophole, but also to bring such offshore investments under US taxation and deter US taxpayers’ interest in such investments through punitive tax rates.

Within this whitepaper, we explore Passive Foreign Investment Companies (PFICs).

Click here to read the full article.

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